Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 50, 07/12/2023 - 13/12/2023)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 50, 07/12/2023 - 13/12/2023)Bitcoin Core V26.0 goes live, V27 could terminate Bitcoin Ordinals. Ethereum aims to activate Dencun in January 2024. Polygon CDK to integrate Celestia’s data availability solution.
Weekly DeFi IndexThis week's market cap index was negative at -1.40%, while volume and volatility indices were positive at +13.22% and +112.10%, respectively. Chart of the WeekPolygon announced it will integrate Celestia with Polygon's chain development kit (CDK) in early 2024, providing an easily-pluggable component for Polygon-based networks to use Celestia for data availability (DA). This will introduce a specialised data availability solution to Layer-2 (L2) projects using the Polygon CDK. L2s need a data availability layer to securely and reliably retrieve transaction data to verify that a block is valid for all network participants. In Ethereum’s L2s, the Ethereum blockchain is used as a DA layer, which typically results in high fees for data storage. The strength of Celestia is to support L2 rollups as the data availability (DA) layer, thus reducing L2 fees without compromising security. Since its launch, there has been a total of 58MB of data stored in Celestia.
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Weekly NFT & GameFi Update (Week 50, 09/12/2023 - 15/12/2023)
Friday, December 15, 2023
Crypto.com's 'Dark Lions' NFT collection launched. Pudgy Penguins plans to launch a game called 'Pudgy World Alpha'. Sotheby's initiates its first-ever auction for Bitcoin
Market Pulse by the Crypto.com Research & Insights Team (Week 50, 05/12/2023 - 11/12/2023)
Monday, December 11, 2023
Crypto.com is authorised as an Electronic Money Institution in the UK. CME BTC futures open interest reaches new highs. Societe Generale issues its first digital green bond on Ethereum.
Weekly NFT & GameFi Update (Week 49, 02/12/2023 - 08/12/2023)
Friday, December 8, 2023
NFT market sees a significant surge. Decentraland introduces a cross-chain upgrade to its marketplace. Funko to release digital collectibles featuring Disney's Mickey and Friends characters.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 49, 30/11/2023 - 06/12/2023)
Wednesday, December 6, 2023
Crypto.com secures approval as an Electronic Money Institution in the UK. DeFi market rebounds as TVL surpasses US$50B. Uniswap partners with Talos to bring institutional access to DeFi.
Market Pulse by the Crypto.com Research & Insights Team (Week 49, 28/11/2023 - 04/12/2023)
Monday, December 4, 2023
BTC tops US$40000 for the first time in 19 months. Microstrategy bought more BTC in November. Standard Chartered Bank to join trials for China's CBDC.
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